- Ensure smooth functioning of the department which includes activities like payable, receivable, audit, finalisation and generation of MIS.
- Final Verification of bill payments, rent payments and transfer of funds
- Verification of Interest Calculation Statement
- Verification of Statement & online payment of GST &
- PT
- Verification TDS Certificate & despatching the same
- Final Verification of the Petty cash and Site imprest
- File the requisite returns as per stipulated timelines
- Prepare and circulate the designated MIS reports
- Finalisation of Accounts which includes Preparation of Balance Sheet, P &
- L along with Schedules
- Audit &
- Filing of Income Tax return
- Conduct internal Audit
- Assist the external Auditors with data and information
- Correspondence with various vendors, banks, tax authorities as per requirement
B.
Cashflow
Management
- Lead the cash flow management in terms of :
- Review and finalise the budgeted cash flow - project-wise and consolidated
- Review the periodic cash flow(daily, weekly, monthly, etc.) vis--vis the budgeted cashflow
- Variance analysis Based on the future requirement, identify opportunities for funding which provide a judicious mix of debt, equity and internal financing (in line with company policy/ management needs)
- Maximize return on invested funds by identifying investment opportunities with lucrative returns consistent with Company policy/ management needs.
- Periodically review debt portfolios for optimum rates Maintain relationships with the investor community and related stakeholders
C.
Project
Finance
- Liaise/coordinate with the Consultant/banker for procurement of loan
- Preparation/compilation of data for loan application
- Pre and post sanction documentation for the fund availed
- Follow up for the disbursement of loan
D. MIS
- Prepare and circulate the designated MIS reports
- Circulate the stipulated MIS reports as per timelines
E.
Other
Responsibilities
- Establish and implement short term and long term departmental goals, objectives, policies, and operating procedures.
- Keep abreast of changes in financial regulations and legislations.
- Perform any other organisational duties as may be assigned from time to time.
- Responsible for building & managing the team; identifying their training requirements, mentoring and coaching them. Holistic approach to the various issues in the department and promptly resolving them. Effective upward & downward communication to foster team engagement, trust and knowledge sharing.